Cipher Cash vs Common Stock Shares Outstanding Analysis

CIFRW Stock

USD 2.10 0.33 18.64%

Cipher Mining financial indicator trend analysis is way more than just evaluating Cipher Mining prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Cipher Mining is a good investment. Please check the relationship between Cipher Mining Cash and its Common Stock Shares Outstanding accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Cipher Mining Cash account and Common Stock Shares Outstanding. At this time, the significance of the direction appears to have weak relationship.

The correlation between Cipher Mining's Cash and Common Stock Shares Outstanding is 0.37. Overlapping area represents the amount of variation of Cash that can explain the historical movement of Common Stock Shares Outstanding in the same time period over historical financial statements of Cipher Mining, assuming nothing else is changed. The correlation between historical values of Cipher Mining's Cash and Common Stock Shares Outstanding is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash of Cipher Mining are associated (or correlated) with its Common Stock Shares Outstanding. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Common Stock Shares Outstanding has no effect on the direction of Cash i.e., Cipher Mining's Cash and Common Stock Shares Outstanding go up and down completely randomly.

Correlation Coefficient

0.37

Relationship Direction	Positive
Relationship Strength	Very Weak

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Cash

Cash refers to the most liquid asset of Cipher Mining, which is listed under current asset account on Cipher Mining balance sheet and usually includes currency, coins, checking accounts, and not deposited checks received from Cipher Mining customers. The amounts must be unrestricted with restricted cash listed in a different Cipher Mining account. The total amount of money in the form of currency that a company has in its possession. This includes all bills, coins, and funds in bank accounts.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Most indicators from Cipher Mining's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Cipher Mining current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cipher Mining. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.

For more information on how to buy Cipher Stock please use our How to Invest in Cipher Mining guide.At this time, Cipher Mining's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 25.88 in 2024, whereas Tax Provision is likely to drop slightly above 3 M in 2024.

	2010	2023	2024 (projected)
Tax Provision	1.8M	3.6M	3.0M
Cost Of Revenue	4.9K	50.3M	52.8M

Tax Provision Cost Of Revenue

Cipher Mining fundamental ratios Correlations

	Total Assets	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Net Tangible Assets	Property Plant And Equipment Net	Warrants	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Common Stock Total Equity	Retained Earnings Total Equity	Common Stock Shares Outstanding	Non Current Liabilities Total	Capital Surpluse	Other Current Assets	Other Stockholder Equity	Total Liab	Net Invested Capital	Property Plant And Equipment Gross	Total Current Assets
Total Assets		0.89	0.86	1.0	-0.61	0.97	-0.61	-0.58	-0.98	0.73	0.69	0.97	0.98	0.97	0.69	-0.61	0.74	0.88	0.88	-0.61	0.98	1.0	0.88	1.0	0.98	0.84
Other Current Liab	0.89		0.97	0.86	-0.61	0.93	-0.61	-0.17	-0.9	0.81	0.3	0.97	0.87	0.8	0.3	-0.61	0.81	0.93	1.0	-0.61	0.96	0.88	0.99	0.86	0.97	0.53
Total Current Liabilities	0.86	0.97		0.82	-0.52	0.95	-0.52	-0.1	-0.88	0.93	0.24	0.96	0.85	0.8	0.24	-0.52	0.65	0.93	0.99	-0.52	0.94	0.84	1.0	0.82	0.94	0.46
Total Stockholder Equity	1.0	0.86	0.82		-0.61	0.95	-0.61	-0.64	-0.97	0.69	0.74	0.94	0.97	0.98	0.74	-0.61	0.73	0.86	0.85	-0.61	0.97	1.0	0.84	1.0	0.96	0.88
Net Tangible Assets	-0.61	-0.61	-0.52	-0.61		-0.57	1.0	0.29	0.73	-0.35	-0.38	-0.6	-0.74	-0.61	-0.38	1.0	-0.8	-0.8	-0.58	1.0	-0.61	-0.61	-0.55	-0.61	-0.62	-0.5
Property Plant And Equipment Net	0.97	0.93	0.95	0.95	-0.57		-0.57	-0.41	-0.97	0.87	0.53	0.99	0.96	0.95	0.53	-0.57	0.67	0.92	0.94	-0.57	0.99	0.96	0.95	0.95	0.99	0.71
Warrants	-0.61	-0.61	-0.52	-0.61	1.0	-0.57		0.29	0.73	-0.35	-0.38	-0.6	-0.74	-0.61	-0.38	1.0	-0.8	-0.8	-0.58	1.0	-0.61	-0.61	-0.55	-0.61	-0.62	-0.5
Net Debt	-0.58	-0.17	-0.1	-0.64	0.29	-0.41	0.29		0.51	-0.01	-0.99	-0.35	-0.55	-0.66	-0.99	0.29	-0.29	-0.24	-0.14	0.29	-0.42	-0.61	-0.12	-0.64	-0.4	-0.92
Retained Earnings	-0.98	-0.9	-0.88	-0.97	0.73	-0.97	0.73	0.51		-0.76	-0.62	-0.96	-1.0	-0.97	-0.62	0.73	-0.76	-0.95	-0.9	0.73	-0.97	-0.98	-0.89	-0.97	-0.97	-0.78
Accounts Payable	0.73	0.81	0.93	0.69	-0.35	0.87	-0.35	-0.01	-0.76		0.13	0.85	0.74	0.72	0.13	-0.35	0.34	0.81	0.86	-0.35	0.8	0.71	0.9	0.69	0.81	0.31
Cash	0.69	0.3	0.24	0.74	-0.38	0.53	-0.38	-0.99	-0.62	0.13		0.48	0.67	0.76	1.0	-0.38	0.39	0.37	0.27	-0.38	0.54	0.72	0.26	0.74	0.53	0.97
Non Current Assets Total	0.97	0.97	0.96	0.94	-0.6	0.99	-0.6	-0.35	-0.96	0.85	0.48		0.95	0.92	0.48	-0.6	0.74	0.94	0.97	-0.6	1.0	0.95	0.97	0.94	1.0	0.68
Non Currrent Assets Other	0.98	0.87	0.85	0.97	-0.74	0.96	-0.74	-0.55	-1.0	0.74	0.67	0.95		0.98	0.67	-0.74	0.74	0.94	0.87	-0.74	0.96	0.98	0.86	0.97	0.96	0.82
Other Assets	0.97	0.8	0.8	0.98	-0.61	0.95	-0.61	-0.66	-0.97	0.72	0.76	0.92	0.98		0.76	-0.61	0.62	0.85	0.8	-0.61	0.93	0.98	0.8	0.98	0.93	0.88
Cash And Short Term Investments	0.69	0.3	0.24	0.74	-0.38	0.53	-0.38	-0.99	-0.62	0.13	1.0	0.48	0.67	0.76		-0.38	0.39	0.37	0.27	-0.38	0.54	0.72	0.26	0.74	0.53	0.97
Common Stock Total Equity	-0.61	-0.61	-0.52	-0.61	1.0	-0.57	1.0	0.29	0.73	-0.35	-0.38	-0.6	-0.74	-0.61	-0.38		-0.8	-0.8	-0.58	1.0	-0.61	-0.61	-0.55	-0.61	-0.62	-0.5
Retained Earnings Total Equity	0.74	0.81	0.65	0.73	-0.8	0.67	-0.8	-0.29	-0.76	0.34	0.39	0.74	0.74	0.62	0.39	-0.8		0.78	0.76	-0.8	0.77	0.73	0.71	0.73	0.77	0.58
Common Stock Shares Outstanding	0.88	0.93	0.93	0.86	-0.8	0.92	-0.8	-0.24	-0.95	0.81	0.37	0.94	0.94	0.85	0.37	-0.8	0.78		0.93	-0.8	0.93	0.87	0.93	0.86	0.93	0.57
Non Current Liabilities Total	0.88	1.0	0.99	0.85	-0.58	0.94	-0.58	-0.14	-0.9	0.86	0.27	0.97	0.87	0.8	0.27	-0.58	0.76	0.93		-0.58	0.95	0.86	1.0	0.85	0.96	0.5
Capital Surpluse	-0.61	-0.61	-0.52	-0.61	1.0	-0.57	1.0	0.29	0.73	-0.35	-0.38	-0.6	-0.74	-0.61	-0.38	1.0	-0.8	-0.8	-0.58		-0.61	-0.61	-0.55	-0.61	-0.62	-0.5
Other Current Assets	0.98	0.96	0.94	0.97	-0.61	0.99	-0.61	-0.42	-0.97	0.8	0.54	1.0	0.96	0.93	0.54	-0.61	0.77	0.93	0.95	-0.61		0.98	0.95	0.97	1.0	0.73
Other Stockholder Equity	1.0	0.88	0.84	1.0	-0.61	0.96	-0.61	-0.61	-0.98	0.71	0.72	0.95	0.98	0.98	0.72	-0.61	0.73	0.87	0.86	-0.61	0.98		0.86	1.0	0.97	0.86
Total Liab	0.88	0.99	1.0	0.84	-0.55	0.95	-0.55	-0.12	-0.89	0.9	0.26	0.97	0.86	0.8	0.26	-0.55	0.71	0.93	1.0	-0.55	0.95	0.86		0.84	0.96	0.48
Net Invested Capital	1.0	0.86	0.82	1.0	-0.61	0.95	-0.61	-0.64	-0.97	0.69	0.74	0.94	0.97	0.98	0.74	-0.61	0.73	0.86	0.85	-0.61	0.97	1.0	0.84		0.96	0.88
Property Plant And Equipment Gross	0.98	0.97	0.94	0.96	-0.62	0.99	-0.62	-0.4	-0.97	0.81	0.53	1.0	0.96	0.93	0.53	-0.62	0.77	0.93	0.96	-0.62	1.0	0.97	0.96	0.96		0.72
Total Current Assets	0.84	0.53	0.46	0.88	-0.5	0.71	-0.5	-0.92	-0.78	0.31	0.97	0.68	0.82	0.88	0.97	-0.5	0.58	0.57	0.5	-0.5	0.73	0.86	0.48	0.88	0.72

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Cipher Cash vs Common Stock Shares Outstanding Analysis

Cash vs Common Stock Shares Outstanding

Cash vs Common Stock Shares Outstanding Correlation Analysis

Correlation Coefficient

Cash

Common Stock Shares Outstanding

Cipher Mining fundamental ratios Correlations

Cipher Mining Account Relationship Matchups

High Positive Relationship

High Negative Relationship

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COMMON DESTINATIONS

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COMPANY

Total Stockholder Equity	+ 1.0	Total Assets
Other Stockholder Equity	+ 1.0	Total Assets
Net Invested Capital	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Other Current Liab
Total Liab	+ 1.0	Total Current Liabilities
Other Stockholder Equity	+ 1.0	Total Stockholder Equity

Non Currrent Assets Other	- 1.0	Retained Earnings
Cash And Short Term Investments	- 0.99	Net Debt
Cash	- 0.99	Net Debt
Other Stockholder Equity	- 0.98	Retained Earnings
Retained Earnings	- 0.98	Total Assets
Property Plant And Equipment Gross	- 0.97	Retained Earnings